1 / 16

American Recovery and Reinvestment Act (ARRA) Update

American Recovery and Reinvestment Act (ARRA) Update. Colorado Contracts Improvement Team (CCIT) May 20, 2009. Topics. General Accounting Office ARRA Reporting Form DRAFT Internal Control Guide DRAFT Procurement Guidance DRAFT Terms and Conditions for ARRA DRAFT.

ikia
Télécharger la présentation

American Recovery and Reinvestment Act (ARRA) Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. American Recovery and Reinvestment Act (ARRA) Update Colorado Contracts Improvement Team (CCIT) May 20, 2009

  2. Topics • General Accounting Office • ARRA Reporting Form DRAFT • Internal Control Guide DRAFT • Procurement Guidance DRAFT • Terms and Conditions for ARRA DRAFT

  3. General Accounting Office • Tracking ARRA Funds • Internal Control Program • Risk Assessment • Monitoring • Single Audit

  4. Tracking of ARRA Funds • GAO • Completeness • Accuracy • Procedures and systems • State of Colorado • Alert #184 – LBLI, separate funds, CFDA and Grant ID# • Financial - COFRS grant module, other systems • Non-financial – probably in-house • ARRA Reporting Form DRAFT

  5. Internal Control Program • GAO • Overall internal program for the State • Responsibilities • Effectiveness of internal controls • Last updated • State of Colorado • Financial Responsibility and Accountability Act • Largely delegated • FAST evaluate FRAAct responses; open position • Early 1990’s; currently being updated

  6. Risk Assessment • GAO • Internal risks • External risks • Internal control weaknesses • State of Colorado/GAO prior discussions • Governor’s Office, weatherization grants • Agencies, DOLA • Medicaid

  7. Monitoring • GAO • Processes to monitor percentage of use of funds • Onsite visits • Coordination of oversight groups • State of Colorado • No plan at this time; probably done by agencies • Decentralized; open position • No plan at this time; Internal Auditors’ Forum

  8. Single Audit • GAO • Use of single audits in risk assessment • Resolution of findings • State of Colorado • Performed by agencies • Performed by agencies, copy to OSC

  9. ARRA Reporting Form DRAFT

  10. Internal Control Guide DRAFT • Based on guides from Oregon, Montana, and Massachusetts • State of Colorado initiated guide in early 1990’s • OSC plans to distribute guide to agencies and institutions

  11. Internal Controls Five Horseman of Internal Controls • Control Environment – tone at the top • Risk Assessment – identify and manage risks • Control Activities – basic management practices • Information and Communication • Monitoring

  12. Guidance from OMB and Other States • Office of Management and Budgeting (OMB) • February 18, 2009 to Federal agencies • April 3, 2009 to Federal agencies • No guidance yet to States • Some states have issued guidance based on OMB guidance to federal agencies • Michigan • Ohio

  13. Procurement Guidance DRAFT • Summary of existing federal guidance • Planning principles • Evaluating and awarding contracts and grants • Supplemental contract elements specific to ARRA

  14. ARRA Requirements • Use of Competition • Maximize competition and award expeditiously • Prohibitions • Casino or other gambling establishments • Aquariums • Zoos • Golf courses • Swimming pools

  15. Terms and Conditions DRAFT • Required Terms • Buy American for construction material • Timely and accurate reporting • Job posting • Equal opportunity laws and principles • Prevailing wage (Davis-Bacon) • Whistleblower Protection • Inspector General access

  16. Questions?

More Related